Bank Permata, Indofood Sukses, Mitra: Indonesia Equity Preview

Shares of the following companies may have unusual moves in Indonesian trading. Stock symbols are in parentheses, and share prices are as of the previous close.

The Jakarta Composite index (JCI) gained 2 percent to 3,813.

Energy companies: Crude oil for December delivery rose 4.2 percent to $93.96 a barrel in New York yesterday, the highest settlement since Aug. 1. Oil was last at $93.55 a barrel in after-hours trading. PT Medco Energi Internasional (MEDC IJ), Indonesia’s biggest listed oil company, was unchanged at 2,225 rupiah. PT Energi Mega Persada (ENRG IJ), the second biggest, rose 3 percent to 174 rupiah.

PT Bank Permata (BNLI IJ): The bank’s net income in the nine months to September rose 22 percent from a year earlier to 961.9 billion rupiah ($109 million), while net interest income gained to 2.99 trillion rupiah from 2.40 trillion rupiah, the bank said in a statement published in Bisnis Indonesia. Bank Permata, partly owned by Standard Chartered Plc, advanced 1.4 percent to 1,450 rupiah.

PT Bank Rakyat Indonesia (BBRI IJ): The company’s nine months to September jumped 57 percent from a year earlier to 10.43 trillion rupiah, while net interest income gained to 26.70 trillion rupiah from 21.02 trillion rupiah, the bank said in a statement published in Bisnis Indonesia. Bank Rakyat gained 1.5 percent to 6,750 rupiah.

PT Indofood Sukses Makmur (INDF IJ): The company’s net income in the nine months to September climbed 3 percent from a year earlier to 2.32 trillion rupiah, it said in a statement published in Bisnis Indonesia. Nine-month revenue rose to 33.77 trillion rupiah from 28.30 trillion rupiah, the company said. Indofood, which owns Indonesia’s biggest instant noodle producer, gained 0.9 percent to 5,650 rupiah.

PT Mitra Adiperkasa (MAPI IJ): The retailer, which runs Starbucks Corp. and Burger King Holdings Inc. outlets, may spend 550 billion rupiah on capital expenditure next year to add 200 new stores, Investor Daily Indonesia reported, citing Fetty Kwartati, a corporate secretary at the company. Mitra Adiperkasa rose 0.5 percent to 4,925 rupiah.

To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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